On January 17, 2001, the Treasury published a third set of proposed regulations construing the "minimum required distribution" rules for qualified plans and IRAs under Code Section 401(a)(9). The "new" regulations represent a considerable simplification over the...

As Congress is placing the final touches on a $1.35 trillion tax-cut package, that in its current form includes a phase-out of the federal estate tax, values-based estate planning pioneer Scott Fithian addresses the question, "Is Your Career About to Be Repealed?"

In last week's edition of Gift Planner's Digest, Scott Fithian discussed how estate tax reform will require planners to change the way they do business. In this continuation of his article, he describes how to motivate clients to take action in this new planning...

Ever since last April when Treasury issued proposed regulations calling for commentary regarding the use of various investment strategies that enable the trustee of a NIMCRUT to control the receipt of distributable income by the trust, and concurrently announced in...

When Congress passed new capital gains tax rates and holding period rules with the Taxpayer Relief Act of 1997, it did not specify how the new rules apply to charitable remainder trust distributions. In this edition of Planned Giving Online, PGDC editorial review panel...

In this edition of Planned Giving Online, PGDC editors take a behind the scenes look at the lobbying activity surrounding the "Charitable IRA Rollover" legislation and explore the "Charitable Gift Annuity Tuition Plan."

The Joint Committee on Taxation released a summary of the Taxpayer Relief Act of 1999 (H.R. 2488). Although President Clinton has threatened the bill would be dead on arrival at his desk, the editors of PGDC believe that charitable gift planners would benefit by having...

On October 18, 1999, the IRS issued proposed Regulations on an abusive charitable remainder trust transaction the PGDC had dubbed "Son of Accelerated CRT." As the date approaches for the public hearings regarding the proposed Regulations, PGDC legal editors Emanuel...

On December 3, 1999, the Treasury issued final regulations regarding how estate administration expenses affect the estate tax marital and charitable deductions. The interrelationships between them are highly complex and, depending on the method of distribution, may...

The IRS has issued proposed regulations to curtail a scheme that has come to be known as the "vulture" or "ghoul" charitable lead trust. The purpose of the plan is to artificially inflate the gift or estate tax charitable deduction by using an unrelated, seriously...

H.R. 8 (the "Death Tax Elimination Act of 2000"), if signed into law, would repeal the estate, gift, and generation-skipping taxes beginning in the year 2010. Further, H.R. 8 would require assets at death to have a carryover basis (rather than being "stepped-up" to...

Although H.R. 8, the Death Tax Elimination Act of 2000 was vetoed last week by President Clinton, it may still be enacted into law. This article continues the discussion from Part I, which outlined in detail the various changes that would occur over the next decade if...

This article explores year-end planning for charitable gifts. Often, one of the biggest concerns at year end is making sure a donor's charitable gift takes effect in the current year so that it is deductible on the current year's return and not on the following year...

This article explores the legislative process involved in making the tax rules governing charitable giving. Part II of this article will explore the regulatory process. This review of the processes involved in making the rules assist the reader in understanding and...

The courts and the IRS gave us a number of interesting decisions related to charitable gift planning in 2000. This article reviews some of the ones PGDC found most significant. The article also briefly describes some of the legislation proposed in 2000 that could have...

Part I of this two-part article details the historical background, state law changes and the nature of the proposed Regulations under Code Section 643(b). Part II of this Article will detail the impact of these new proposed Regulations on charitable gift planning...